Commodities
US-Led Venezuela Exits OPEC Amid Shifts in Power
Venezuela is considering leaving OPEC, according to sources familiar with the matter. The idea of an exit has been discussed with US officials, but no final decision has been made.
The potential departure would illustrate the significant political shift in Caracas since President Donald Trump ousted Nicolás Maduro and took control of Venezuela's oil sales.
Washington is also discussing a proposal to take a large stake in Venezuela's oil fields, with some reports suggesting a 100-year lease on several fields. The White House declined to comment on the negotiations.